Thoughts From the Frontline, March 2018

Springtime Chart Fling

March 31, 2018

Here in Texas you know spring is here when our state flower, the bluebonnet, pops up everywhere. I was at the Masters in Augusta last year, and the azaleas were beautiful. But they are cultivated and take a lot of work to bring out their beauty.

Squares, FAANGs, and Stock Valuations

March 23, 2018

Valuing a stock isn’t hard. Each share is worth exactly as much as a buyer offers you when you try to sell. Quite simple. But of course, there’s more to it.

SIC Perspectives

March 18, 2018

It’s been a week and I’m starting to recover from my post-SIC high. It’s a weird feeling. I love SIC, yet processing it all takes time. Imagine one of those brain maps that shows the neurons opening new pathways. That’s what SIC does. It opens connections that I didn’t previously have.

The Great Jobs Collision

March 11, 2018

We’ve just wrapped the Strategic Investment Conference, which in many ways is the best week of my year. Seeing so many old friends, making new ones, and having countless fascinating conversations is my idea of heaven.

Inflation and Honest Data

March 3, 2018

I’m going to wrap up our series on the problems of collecting and analyzing data in the first half of this letter, and then I’ll quickly comment on the Trump tariffs. I think both topics will feature in this week’s Strategic Investment Conference. At the end of the letter there will be a link to our Virtual Pass, which will allow you to watch the conference live or at your leisure and to read the transcripts of the presentations.